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Article

Диверсификация бизнеса на основе стратегии органического роста: потенциал создания стоимости на развитых и развивающихся рынках капитала

Journal of Corporate Finance Research / Корпоративные финансы. 2015. Т. 9. № 1. С. 22-37.
Ивашковская И. В., Скворцова И. В.

The article investigates corporate diversification through organic growth strategy and firm performance in developed and emerging capital markets. On the sample of 365 companies with 104 companies representing emerging capital markets and 261 companies from developed capital markets for the period of 2009-2012 we show that in emerging capital markets such diversification destroys value in the short-term period. As far as developed capital markets are concerned corporate diversification through organic growth creates value in the short-term and long-term run for moderate and high levels of diversification.